ENTREP 10 QUIZ 4.1
Authored by pioquinto fajardo
Education
10th Grade
Used 5+ times
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5 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Perpetual inventory system is the ________record of your inventory.
Perpetual inventory system is the ________record of your inventory.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_________ is considered as "real-time" inventory tracking.
_________ is considered as "real-time" inventory tracking.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the debit entry for this transaction under perpetual inventory system?
Purchased goods on credit
What is the debit entry for this transaction under perpetual inventory system?
Purchased goods on credit
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Paid freight . ( Credit entry only use Perpetual Method)
Paid freight . ( Credit entry only use Perpetual Method)
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Sold goods on account P500. Cost of sales is 5%, how much is the computed cost of sales?
Sold goods on account P500. Cost of sales is 5%, how much is the computed cost of sales?
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